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23 May 2016 07:00
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23 May 2016
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Tlou Energy Limited
("Tlou" or "the Company")
Change of Holdings in the Company
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Tlou wishes to advise that Talon Metals Corp ("Talon"), has today lodged a notice with ASX that it has ceased to be a substantial shareholder of Tlou. On 19 May 2016 Talon sold its entire holding of 14,285,714 ordinary shares of no par value ("Ordinary Shares") in Tlou representing approximately 7% of the total Ordinary Shares in issue. Talon initially notified the Company of this sale of shares on 20 May 2016.
Talon is a TSX-listed company focused on the exploration and development of the Tamarack Nickel Project in the USA and its shareholding in Tlou was a non-core investment for the Talon group.
Talon's Ordinary Shares were sold to a number of new and existing investors in the United Kingdom.
Enquiries:
Tlou Energy Limited Gabaake Gabaake, Acting Managing Director Solomon Rowland, Company SecretaryColm Cloonan, Finance Director Ā www.tlouenergy.com Ā | +61 7 3012 9793 gabaake.gabaake@tlouenergy.com solomon.rowland@tlouenergy.com colm.cloonan@tlouenergy.com Ā |
Grant Thornton UK LLP (Nominated Adviser) Colin Aaronson, Jen Clarke, Harrison Clarke Ā | +44 (0)20 7383 5100 Ā |
Brandon Hill Capital (Financial Adviser and Joint broker) Jonathan Evans, Alex Walker Ā | +44 (0)20 3463 5016 |
Optiva Securities Limited (Joint broker) Jeremy King, Christian Dennis Ā | 44 (0)20 3137 1904 |
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